
Will Greed K.O. Mayweather-Pacquiao Profits? Art Laffer Applies His Curve
The promotors of the Floyd Mayweather-Manny Pacquiao superfight look to cash in by charging as much as $100 for a home viewing of the pay-per-view bout. But one of the world’s most famous economists tells Breitbart Sports that a law of diminishing returns sets in when sellers price a product above what the market will bear.
